6533b834fe1ef96bd129def8

RESEARCH PRODUCT

A fuzzy decision support tool for demand forecasting

Enriqueta VercherJosé D. BermúdezJosé Vicente Segura

subject

Decision support systembusiness.industryDecision theoryExponential smoothingFuzzy control systemDemand forecastingMachine learningcomputer.software_genreFuzzy logicNonlinear programmingArtificial intelligencebusinesscomputerEconomic forecastingMathematics

description

In this paper we present a decision support forecasting system to work with univariate time series based on the generalized exponential smoothing (Holt-Winters) approach. It is conceived as an integrated tool which has been implemented in Visual Basic. For improving the accuracy of the automatic forecasting it uses an optimization-based scheme which unifies the stages of estimation of the parameters and selects the best method using a fuzzy multicriteria approach. The elements of the set of local minima of the non-linear programming problems allow us to build the membership functions of the conflicting objectives. A set of real data is analyzed to show the performance of our forecasting tool.

https://doi.org/10.1109/fuzzy.2007.4295405